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reform the entitlement programs, put tax reform in place, go through regular order in the finance committee as the chairman and others called for, to ensure we can get this under control. it's a commonsense proposal. we did it two years ago. most democrats and most republicans here on the floor supported it in the past. democrats in the house have also supported it, about 95 of them. it's a dollar-for-dollar reduction over ten years as we raise the debt limit. for folks who are wondering today -- the presiding officer: the senator's time has expired. mr. portman: thank you, madam chair. a senator: madam president? the presiding officer: the senator from montana. mr. baucus: madam president, january 23, i think it was a wednesday, something marvelous happened. what was that? the house, on a strong bipartisan basis, passed a bill which would raise the debt limit, extend the debt limit to may 18. bipartisan. speaker boehner is to be commended. this town is criticized for its lack of working together, it's too partisan. speaker boehner found a solution to help us relieve the pressure
finance minister started an initiative on this that this year g8 will look at tax evasion and tax fraud. i think it's enormously important issue, and i think the regulation on the shadow banking system, um, also needs to play a very important role for the russia meeting for the g20. we have quite a lot of regulation for our banks, basel iii comes to mind here. here, actually, we have to be vigilant that the lending capacity that is to boost, after all, economic growth doesn't get too contained, too limited, and i can only hope and join our partners in the united states to introdiscuss deuce this -- introduce this as well, otherwise a new imbalance here. through better regulation of banks, the capital that they need to the capital reserves that they need to have, we also see moral hazard in the sense that people increasingly seem to fly into the shadows of shadow banking. we were at one in saying when we agreed this at the g20 and the thought that every financial instrument, um, every financial be product, every financial market needs to be placed in regulation. we are very far from that. i
-paying jobs in these industries will be paying the taxes to some other country, will be simply an economy and some of the country. you want to know what america is special? one of the reasons why it special is because for over 200 years we have been a collection of the world's best and brightest to a magnet that attracts people here and now have an immigration system in the 21st century that is making a very difficult to achieve. that's what this effort is to the other concern i heard is what about folks that are in this country now? this is a legitimate concern when people raise it, i don't get upset about that. that is a very legitimate concern. about the kids are raised here and go into these intricate, will they be hurt if you have seen the need, they need far exceeds what we are producing. so that's not an immediate concern but here's the other. that is the startling figure that was used earlier. that for every 100, 100 foreign-born s.t.e.m. workers we're creating 260 some odd jobs. it's indisputable that these jobs create jobs for people right down the line in this process. if you'r
tax dollars, billions of them. and now all of a sudden some are suggesting we should change the rules when we are hit by the first major disaster to hit the new york city region in a very long time. that's not fair. that's not right. and we have argued against it, and i hope my colleagues will defeat the lee amendment. and i also say to my colleagues that this is not just dollars and cents. these are people who care, are waiting, homeowners waiting to rebuild their homes. they haven't moved back in. small business owners who are hanging on by a thread after building a business for 25 years. we know when the hand of god strikes, it's overwhelming for them. take rita from emerald magic lawn care. her company helps local families, schools and businesses with lawn care in the spring and summer and around the holidays they help with decorations and lights. but emerald magic's business was interrupted for many weeks. the client base dried up. rita's business will be in huge trouble. it may not survive if she doesn't get a lifeline and get one now. so this is very important. week after week,
the senate democrats and president george herbert walker bush passed an agreement, including tax increases, to at last begin to tackle the deficit. and i remind everyone here as i take my leave from the senate, when president george h.w. bush returned from agreeing to a deficit reduction agreement at andrews air force base, he wrote in his personal diary that he might well have sealed his fate as a one-term president. he did what he thought was right for the country and he laid the groundwork for our ability to three times balance the budget at the end of the 1990's. that's courage, and the senate and the congress and the country need more of it. frankly, the problems that we live through today come from individual choices of senators themselves, not the rules. when an individual senator or a colludeing caucus determine that the comity essential to an institution like the senate is a barrier to individual ambition or party ambition, the country loses. those are the moments in which the senate fulfills not its responsibility to the people but its reputation as a sanctuary of gridlock. i ask
Search Results 0 to 4 of about 5